WEST VIRGINIA CODE

WVC 18 - 7 A- 26 V
§18-7A-26v. One-time bonus payment for certain annuitants
effective July 1, 2011.. (a) As an additional bonus payment to other retirement
allowances provided, a one-time bonus payment to retirement
benefits shall be paid to retirants of the retirement system as
provided in subsection (b) of this section. The one-time bonus
payment shall equal $1,200 and shall be paid on July 27, 2011.

(b) The one-time bonus payment provided in this section
applies to any retirant with at least twenty years of service as a
contributing member who currently receives an annual retirement
annuity of not more than $7,200. This one-time bonus payment is
subject to any applicable limitations under section 415 of the
Internal Revenue Code of 1986, as amended.

(c) The one-time bonus payment provided by this section shall
be payable pro rata to any beneficiaries of a qualifying retirant
who currently receive an annuity or other benefit payable by the
retirement system.

Note: WV Code updated with legislation passed through the 2016 Regular Session
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